Mahindra has expanded its electric vehicle portfolio with the launch of the Battery-as-a-Service (BaaS) variants of the XEV 9S and XEV 9e. Under the new ownership model, customers can purchase the electric SUVs at a lower upfront price while paying separately for battery usage.
The Mahindra XEV 9S BaaS has been launched at a starting price of ₹12.65 lakh, while the XEV 9e BaaS starts at ₹13.90 lakh. These prices are aimed at making Mahindra's premium electric SUVs more accessible to buyers who prefer a lower initial purchase cost.
Mahindra XEV 9S BaaS Price
The XEV 9S is Mahindra's electric three-row SUV and is designed for buyers looking for additional passenger and luggage space. With the BaaS option, the vehicle's upfront price is significantly lower than a conventional EV purchase that includes the battery.
The BaaS model separates the cost of the vehicle from the battery, allowing customers to pay a usage-based battery fee. This approach is designed to reduce the initial financial burden associated with buying an electric vehicle.
The XEV 9S BaaS starts at ₹12.65 lakh, making it one of the more affordable ways to enter Mahindra's larger electric SUV range.
Mahindra XEV 9e BaaS Price
The Mahindra XEV 9e BaaS is priced from ₹13.90 lakh. The coupe-style electric SUV is positioned as a more premium offering, featuring a distinctive exterior design and a technology-focused cabin.
Like the XEV 9S, the BaaS version allows customers to purchase the vehicle at a lower upfront price while paying separately for battery usage.
What Is Mahindra BaaS?
Battery-as-a-Service is an alternative EV ownership model in which the customer does not pay the complete cost of the battery upfront. Instead, the battery is treated as a separate service and the owner pays based on usage or an agreed battery subscription structure.
The model can potentially make electric vehicles more affordable at the time of purchase while also reducing concerns around the upfront cost of the battery.
For buyers considering a long-term EV purchase, however, it is important to calculate the total ownership cost, including the vehicle price, battery charges, financing, insurance, charging and maintenance.
XEV 9S and XEV 9e Strengthen Mahindra's EV Lineup
The launch of the BaaS versions gives Mahindra another strategy to increase adoption of its electric SUVs. Both models are based on the company's dedicated INGLO electric vehicle platform and offer modern interiors, connected technology and multiple battery configurations.
The XEV 9S focuses on practicality with its three-row layout, while the XEV 9e targets buyers looking for a more stylish and premium electric SUV.
With starting prices of ₹12.65 lakh for the XEV 9S BaaS and ₹13.90 lakh for the XEV 9e BaaS, Mahindra is looking to lower the entry barrier for customers considering premium electric vehicles.
The BaaS model could become particularly attractive to buyers who want a lower initial purchase price and prefer to spread battery-related costs over their ownership period.
